Tag: raw materials

Copper rebounds as China’s factories unexpectedly return to growth – ET Auto

on March 31, 2020

Three-month copper on the London Metal Exchange (LME) was up 1.5 percent to $4,838.50 a tonne, as of 0124 GMT, reversing a streak of three straight losses. SINGAPORE: Copper prices rose on Tuesday, with Shanghai copper touching a near two-week high, as top consumer China surprisingly reported an [...]

Bolivia’s largest mine suspends operations as virus controls tighten – ET Auto

by admin

on March 28, 2020

Zinc is considered as a key element of electric vehicle batteries and Bolivia is one of the major producer for that. LA PAZ: Bolivia's San Cristobal mine, a huge desposit of zinc, lead and silver, has suspended operations after the country imposed tough rules to halt the spread of coronavirus, its [...]

Chile’s Codelco copper output drops 5.3% in 2019, profits plunge – ET Auto

by admin

on March 28, 2020

Codelco said in end-of-year results it produced 1.59 million tonnes from its wholly owned mines in 2019, and that profits had fallen 17% from the previous year to $1.34 billion. SANTIAGO: Chile's state-run Codelco said on Friday output had dropped 5.3% in 2019, driving profits down sharply as the [...]

Coronavirus pandemic may impact steel makers’ performance in Q1 FY21: ICRA – ET Auto

by admin

on March 28, 2020

The key demand drivers construction and infrastructure sectors besides the automobile and capital goods sectors, continue to witness muted or negative growth due to coronavirus pandemic. New Delhi: The performance of Indian steel players is likely to be affected in the first quarter of 2020-21 due [...]